Vistaprint 2009 Annual Report Download - page 52

PART II
Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
The common shares of Vistaprint Limited began trading under the symbol “VPRT” on the
NASDAQ Global Market on September 30, 2005. On July 1, 2006, Vistaprint Limited common shares
were moved to trading on the NASDAQ Global Select Market. The following table sets forth, for the
periods indicated, the high and low sale price per share of Vistaprint Limited common shares on The
NASDAQ Global Select Market:
High Low
Fiscal 2008:
First Quarter .................................................................. $42.45 $29.60
Second Quarter ............................................................... $48.60 $36.86
Third Quarter ................................................................. $43.34 $27.34
Fourth Quarter ................................................................ $38.68 $24.78
Fiscal 2009:
First Quarter .................................................................. $38.56 $24.46
Second Quarter ............................................................... $34.42 $11.75
Third Quarter ................................................................. $29.00 $15.25
Fourth Quarter ................................................................ $44.75 $27.15
Fiscal 2010:
First Quarter (through August 24, 2009) ......................................... $46.27 $38.88
As of August 24, 2009, there were approximately 41 holders of record of our common shares.
In connection with the Change of Domicile, on September 1, 2009, the ordinary shares of
Vistaprint N.V. will trade on the NASDAQ Global Select Market under the symbol “VPRT”.
Dividends
Vistaprint Limited never paid or declared any cash dividends on its common shares. Vistaprint N.V.
does not anticipate paying any cash dividends in the foreseeable future. We currently intend to retain all
future earnings for use in the operation of our business or for repurchase of the Company’s shares.
Use of Proceeds
The registration statement on Form S-1 (File No. 333-125470) for the initial public offering of
Vistaprint Limited common shares, par value $0.01 per share, was declared effective by the SEC on
September 29, 2005. We received net proceeds of approximately $61.4 million (after underwriters’
discounts of $4.6 million). We incurred additional, related expenses of approximately $1.6 million,
resulting in proceeds, after expenses, to us of approximately $59.8 million. As of August 31, 2009, we
had not utilized any of the net proceeds from the offering.
On August 12, 2008, we had announced that the Vistaprint Limited Board of Directors authorized
the repurchase of up to an aggregate of $50.0 million of our common shares from time to time on the
open market. The timing and amount of any shares repurchased have been and will continue to be
determined by our management based on its evaluation of market conditions and other factors. The
share repurchase authorization, which has been assumed by Vistaprint N.V., expires on February 8,
2010, but may be suspended or discontinued by us at any time. During the second quarter of fiscal
2009, as part of the plan announced on August 12, 2008, an aggregate of 2,554,302 common shares
of Vistaprint Limited were repurchased, at an average cost of $17.82 per share. There were no other
purchases made as part of the plan during the fiscal year ended 2009.
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